Technical Analysis (Silver) : XAG/USD 3 August 2020

Forex Technical Analysis : XAGUSD (Silver)

Date : 3 August 2020

Pivot point : 24.0000

Our preference : long positions above 24.0000 with targets at 24.6200 & 24.9500 in extension.

Alternative scenario : below 24.0000 look for further downside with 23.5400 & 23.2500 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

25.4500 **
24.9500 *
24.6200
24.3185 – Last price
24.0000
23.5400 *
23.2500 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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